Steel News

Tata Steel Achieves Vertical Integration in Electrical Steels

22 June 2012 - Tata Steel has completed an important strategic project that makes it only the second vertically integrated producer of grain oriented electrical steels in the European Union.

Nippon Seeks $1.2 Billion in Compensation from POSCO Over Technology Dispute

22 June 2012 - Nippon Steel is demanding US$1.2 billion in compensation in a legal case charging POSCO with improperly obtaining electrical steel sheet technology.

Severstal Reapplies for U.S. Department of Energy Loan

22 June 2012 - Severstal North America has reapplied for a loan from the U.S. Department of Energy to produce lighter and stronger steel for automakers and suppliers.

2012 Awards for Steel Excellence Winners Announced

22 June 2012 - American Metal Market (AMM) recently announced the winners of this year's Awards for Steel Excellence.

World Steel Dynamics Publishes 2012 List of World-Class Steelmakers

22 June 2012 - World Steel Dyanamics published its annual World-Class Steelmakers list.

U. S. Steel Names Eric K. Schomer General Manager-Procurement

22 June 2012 - United States Steel Corporation announced Eric K. Schomer has been advanced to the position of general manager – procurement, effective 1 June 2012.

SCHALKE Receives Order for Coke Oven Machinery in Brazil

22 June 2012 - Companhia Siderúrgica do Pecém (CSP) - a Brazilian company - is building a new steel plant situated in Pecém in the state of Ceará, Brazil, and has placed an order for coke oven machinery from SCHALKE.

Siemens to Modernize Pickling Line Tandem Cold Mill at voestalpine Stahl

21 June 2012 - voestalpine Stahl GmbH has placed an order with Siemens to modernize the coupled tandem pickling line No. 1 at its Linz plant in Austria.

Onesteel and MORE Sign Agreement for Polymer Injection Technology

21 June 2012 - Onesteel NSW Pty Ltd and MORE S.r.l have signed an agreement that will combine their extensive steelmaking and injection technology expertise to promote Polymer Injection Technology.

Nucor Completes Acquisition of Skyline Steel

21 June 2012 - Nucor Corporation has completed the acquisition of Skyline Steel and its subsidiaries for the purchase price of approximately US$605 million.

ArcelorMittal to Idle Another Two European BFs

20 June 2012 - ArcelorMittal will idle two European blast furnaces in the third quarter to perform furnace relines.

Essar Steel Minnesota Receives First Large Equipment Shipment

20 June 2012 - Essar Steel Minnesota received the first of several large equipment shipments expected to arrive over the summer as the company makes progress toward startup in mid-2013.

China Nickel Resources in US$1.8 Billion Indonesia Steel Plan

20 June 2012 - China Nickel Resources Holdings is to invest US$1.8 billion in an Indonesian steel project called PT Batulicin Steel with local minority partner PT Jhonlin.

Essar Steel Algoma Secures Extension to Revolving Credit Agreement

20 June 2012 - Essar Steel Algoma Inc. announced it has entered into an amendment of its US$350 million revolving credit agreement. The revolving credit agreement originally matured on June 20, 2012 and the amendment provides for an extension to the maturity date to the earlier of September 20, 2012.

ThyssenKrupp VDM Obtains ASME Certification

19 June 2012 - ThyssenKrupp VDM was recently certified by the American Society of Mechanical Engineers as a reliable supplier of material for applications including pressure vessels and piping in the nuclear industry.

Sumitomo Metals Receives Prize for Innovation in Steel Plate

19 June 2012 - Sumitomo Metal Industries, Ltd. received the Nippon Keidanren Chairman’s Innovation Prize from the Japan Institute of Invention and Innovation for its innovation in steel plate that withstands fatigue crack.

Evraz Plans US$6 Billion Spend to Meet Global Steel Demand

19 June 2012 - Russian steel and mining group Evraz Plc set out plans for US$6 billion of capital spending through the next four years as it seeks to meet growing global demand for railways and pipelines, particularly in North America.

Tata Steel Proposes Increasing Stake in Tinplate Subsidiary

19 June 2012 - Indian steelmaker Tata Steel proposed increasing its stake in its subsidiary the Tinplate Company of India Ltd.by up to 14%.

Tata Steel Selects CA Technologies to Help Accelerate Innovation of New Steel Solutions

19 June 2012 - Tata Steel has chosen CA Technologies to help accelerate the innovation of new steel solutions to drive top-line growth.

Steel Dynamics Inc. Provides Second Quarter 2012 Earnings Guidance

18 June 2012 - Steel Dynamics Inc. provided second quarter earnings guidance somewhat lower than first quarter earnings primarily due to decreased sheet steel pricing attributable to supply-side pressures from increased imports and increased domestic steel capacity.